A person 16 years or older who does not work, but is actively looking for work, is officially classified as:
A. unemployed.
B. employed.
C. chronically unemployed.
D. out of the labor force.
Answer: A
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The original Federal Reserve Act
A) specified open market operations as the Fed's main policy tool. B) specified open market operations as one of several Fed policy tools. C) specified that open market operations be employed by the Fed only in circumstances where discount loans were ineffective. D) did not specifically mention open market operations.
How does the form that government spending takes affect resource allocation between public goods and private goods?
Which of the following program(s) examples is (are) in-kind assistance to fight poverty in the United States?
a. Medicaid b. Negative income tax c. Supplemental security income (SSI) d. Aid to Families with Dependent Children (AFDC) e. Welfare checks
In which of the following situations should a firm increase its efforts to abate pollution?
A. The marginal benefit of abatement is less than its marginal cost. B. The marginal benefit of abatement is greater than its marginal cost. C. The marginal benefit of abatement is equal to its marginal cost. D. None of these